PECRS Annual Report 2014
Produced by the
Treasury and Exchequer
Authored by
Treasury and Resources
and published on
08 Jul 2015
Prepared internally, no external cost
Summary
The PECRS 2014 annual report outlines the activities of the pension scheme over the last year.
The report highlights that:
- during the year the investments of the scheme increased by £140 million to be valued at £1.73 billion at the end of the year
- the fund achieved an investment return of 9.0% compared to a benchmark return of 8.7%
- scheme membership continued to grow partly as a result of increasing longevity and by the end of 2014 the scheme had 14,708 members, of which 51% were active members, 29% pensioners and 20% deferred members
- changes continue to be made to the scheme through the ongoing pension review
- the scheme had a surplus of £92.7 million part of which has been used to revise pension increases to the full annual increase in Jersey RPI
Download PECRS annual report 2014 (size 1.4mb)